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Muddy Waters Founder Won’t Short Tesla, as Musk Often 'Pulls Rabbits Out of Hat'
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Despite Tesla (TSLA.US) previously experiencing its largest single-day share drop in over four years, he will not short the stock, remarked Carson Block, founder of Muddy Waters Capital, renowned for shorting stocks. He described Tesla’s share price as often appearing to go over the edge of the cliff, only to come back. Block noted that Tesla CEO Elon Musk’s political involvement could potentially cause irreparable harm to the company. However, given Musk’s track record of delivering surprises over the years, Block said Muddy Waters would avoid shorting Tesla and instead identify other short-selling opportunities. While China’s stock market has performed strongly YTD, Block remains cautious about investing there. He explained that, given China’s geopolitical risks, investors prefer opportunities allowing for quick exits, treating China as a trade rather than a long-term investment. AAStocks Financial News |
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